VP, Legal, Risk and Compliance

CNA Insurance; Toronto; On-site; CAD 120,000 - 200,000; Full time

Job summary

CNA Insurance is seeking a Legal Counsel to manage and deliver comprehensive legal support for its Canadian operations. The role encompasses responsibilities such as leading the legal department, providing legal analysis, drafting contracts, and ensuring compliance with insurance laws. Candidates must have substantial experience in the Canadian insurance sector, strong analytical skills, and legal qualifications, including a J.D. or equivalent. Join our team to contribute to our mission and shape the future of our organization.

Qualifications

• Minimum of 15 years of post-qualification experience in corporate insurance or financial services law in Canada, in good standing.
• Master's preferred in a related discipline.

Responsibilities

• Lead and manage the legal department, overseeing staff performance and development.
• Provide research, legal analysis, and guidance on legal and compliance issues.
• Collaborate with business units to resolve legal issues and develop solutions.
• Draft and review contracts, assist with negotiations, and develop policy wording.
• Monitor legal and regulatory developments, advising management accordingly.
• Manage relations with government and regulatory agencies.
• Supervise external counsel handling litigation and disputes, managing legal expenses.
• Implement and manage policies to ensure compliance with insurance laws and regulations.
• Coordinate with global teams to improve operational effectiveness.
• Act as Compliance Officer and Privacy Officer for the Canadian Branch.
• Serve as Assistant Corporate Secretary, ensuring regulatory compliance.
• Represent Canada on the Group ERM Committee and execute ERM policies.

Skills

Experience in Canadian insurance industry

Familiarity with OSFI regulations

Analytical skills

Problem-solving skills

Communication skills

Proficiency in Microsoft Office

Education

Bachelor's degree

J.D. or Bachelor of Civil Law

Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

Officer Position: Legal Counsel

The Legal Counsel will provide legal and regulatory support to CNA’s Canadian operations as the sole regional counsel. This role involves managing and delivering a broad range of legal and regulatory advice to align policies with the company’s strategic plans.

Job Responsibilities:

• Lead and manage the legal department, overseeing staff performance and development.
• Provide research, legal analysis, and guidance on legal and compliance issues.
• Collaborate with business units to resolve legal issues and develop solutions.
• Draft and review contracts, assist with negotiations, and develop policy wording.
• Monitor legal and regulatory developments, advising management accordingly.
• Manage relations with government and regulatory agencies, including liaising with OSFI and overseeing the preparation of ORSA.
• Supervise external counsel handling litigation and disputes, managing legal expenses.
• Implement and manage policies to ensure compliance with insurance laws and regulations.
• Coordinate with global teams to align policies and improve operational effectiveness.
• Drive continuous improvement initiatives involving people, processes, and technology.
• Act as Compliance Officer and Privacy Officer for the Canadian Branch.
• Serve as Assistant Corporate Secretary, ensuring regulatory compliance.
• Represent Canada on the Group ERM Committee and execute ERM policies and frameworks.

Reporting Line: SVP, Chief Financial Officer Canada

Skills & Qualifications:

• Experience in the Canadian insurance industry and familiarity with OSFI regulations.
• Experience with policy wording review and product development is advantageous.
• Ability to manage a diverse workload and work in a multi-jurisdictional environment.
• Strategic mindset with strong analytical, problem-solving, and communication skills.
• Proficiency in Microsoft Office and related software.

Education & Experience:

• Bachelor’s degree required; Master’s preferred in a related discipline.
• J.D. or Bachelor of Civil Law, depending on province.
• Minimum of 15 years of post-qualification experience in corporate insurance or financial services law in Canada, in good standing.

We are committed to equal employment opportunities. If you require accommodations during the hiring process, please inform Human Resources.